Chanhen(SZ:002895) Zheng Quan Zhi Xing·2025-06-29 16:06Core Viewpoint - Guizhou Chuanheng Chemical Co., Ltd. has triggered the conditional redemption clause for its convertible bonds "Chuanheng Convertible Bonds" due to the stock price meeting specific criteria, leading to an early redemption process [1][6]. Convertible Bond Issuance and Redemption - The company issued 11.60 billion RMB worth of convertible bonds on August 12, 2021, with an initial conversion price of 21.02 RMB per share [1][2]. - The conversion price has been adjusted multiple times, currently standing at 17.41 RMB per share after various corporate actions [5][4]. - The redemption price for the bonds is set at 101.397 RMB per bond, which includes the face value and accrued interest [7][8]. Conditional Redemption Clause - The conditional redemption clause allows the company to redeem the bonds if the stock price remains above 130% of the conversion price for at least 15 out of 30 consecutive trading days [6][9]. - The stock price reached 24.35 RMB, which is above the threshold of 130% of the conversion price [6]. Redemption Implementation Schedule - The redemption process includes several key dates: trading will stop on July 15, 2025, with the redemption registration date on July 17, 2025, and the actual redemption occurring on July 18, 2025 [8][9]. - After the redemption is completed, the "Chuanheng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [9][10]. Shareholder Information - The company confirms that no major shareholders or executives traded the bonds in the six months leading up to the redemption conditions being met [9].